Indonesia just issued a new regulation (Reg. 42/2017) that extends governmental control on private and foreign investment in the energy and mining sectors.
Whilst similar forms of control already existed in the upstream oil & gas and mining sectors, Reg. 42/2017 now extends these to the downstream oil & gas and power sectors. The new regime will directly impact investment strategies in these sectors and raises questions about the enforceability of share pledges in energy companies.
Please see full publication below for more information.